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SEGMENT DATA | 6 Months Ended
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Jun. 30, 2014
SEGMENT DATA [Abstract] |
SEGMENT DATA |
(8) | SEGMENT DATA
The Company’s operations are classified into two reportable business segments as follows: Marine Transportation — Marine transportation principally by United States flag vessels of liquid cargoes throughout the United States inland waterway system, along all three United States coasts, Alaska and Hawaii and, to a lesser extent, United States coastal transportation of dry-bulk cargoes. The principal products transported include petrochemicals, black oil, refined petroleum products and agricultural chemicals. Diesel Engine Services — Provides after-market services for medium-speed and high-speed diesel engines, reduction gears and ancillary products for marine and power generation applications, and distributes and services high-speed diesel engines, transmissions, pumps and compression products, and manufactures and remanufactures oilfield service equipment, including pressure pumping units, for the land-based pressure pumping and oilfield service markets. The Company’s two reportable business segments are managed separately based on fundamental differences in their operations. The Company evaluates the performance of its segments based on the contributions to operating income of the respective segments, and before income taxes, interest, gains or losses on disposition of assets, other nonoperating income, noncontrolling interests, accounting changes, and nonrecurring items. Intersegment sales for the three months and six months ended June 30, 2014 and 2013 were not significant. The following table sets forth the Company’s revenues and profit or loss by reportable segment for the three months and six months ended June 30, 2014 and 2013 and total assets as of June 30, 2014 and December 31, 2013 (in thousands):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 456,745 |  |  | $ | 423,868 |  |  | $ | 892,516 |  |  | $ | 842,386 |
Diesel engine services |  |  | 171,309 |  |  |  | 140,040 |  |  |  | 324,784 |  |  |  | 280,307 |
|  | $ | 628,054 |  |  | $ | 563,908 |  |  | $ | 1,217,300 |  |  | $ | 1,122,693 |
Segment profit (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marine transportation |  | $ | 115,968 |  |  | $ | 97,563 |  |  | $ | 213,519 |  |  | $ | 186,816 |
Diesel engine services |  |  | 14,337 |  |  |  | 14,932 |  |  |  | 27,109 |  |  |  | 28,954 |
Other |  |  | (8,626 | ) |  |  | (10,361 | ) |  |  | (17,949 | ) |  |  | (21,700 | )
|  | $ | 121,679 |  |  | $ | 102,134 |  |  | $ | 222,679 |  |  | $ | 194,070 |
|  | June 30, 2014 |  |  | December 31, 2013 |
Total assets: |  |  |  |  |  |
Marine transportation |  | $ | 3,205,275 |  |  | $ | 3,046,692 |
Diesel engine services |  |  | 604,730 |  |  |  | 576,472 |
Other |  |  | 57,875 |  |  |  | 59,353 |
|  | $ | 3,867,880 |  |  | $ | 3,682,517 |
The following table presents the details of “Other” segment loss for the three months and six months ended June 30, 2014 and 2013 (in thousands):
| Three months ended June 30, |  | Six months ended June 30, |
| 2014 |  | 2013 |  | 2014 |  | 2013 |
General corporate expenses |  | $ | (3,807 | ) |  | $ | (3,780 | ) |  | $ | (7,327 | ) |  | $ | (7,174 | )
Gain on disposition of assets |  |  | 527 |  |  |  | 537 |  |  |  | 578 |  |  |  | 505 |
Interest expense |  |  | (5,469 | ) |  |  | (7,219 | ) |  |  | (11,087 | ) |  |  | (15,207 | )
Other income (expense) |  |  | 123 |  |  |  | 101 |  |  |  | (113 | ) |  |  | 176 |
|  | $ | (8,626 | ) |  | $ | (10,361 | ) |  | $ | (17,949 | ) |  | $ | (21,700 | )
The following table presents the details of “Other” total assets as of June 30, 2014 and December 31, 2013 (in thousands):
|  | June 30, 2014 |  |  | December 31, 2013 |
General corporate assets |  | $ | 55,537 |  |  | $ | 57,197 |
Investment in affiliates |  |  | 2,338 |  |  |  | 2,156 |
|  | $ | 57,875 |  |  | $ | 59,353

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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